US personal income up slightly in April
(MENAFN- The Journal Of Turkish Weekly) U.S. personal income increased $59.4 billion, or 0.4 percent in April from the previous month, the Commerce Department reported on Monday.
Disposable personal income also increased $48.8 billion, or 0.4 percent in April, the report said.
Personal consumption expenditures decreased $2.6 billion, or less than 0.1 percent.
In March, personal income had increased $4 billion, or less than 0.1 percent. Disposable personal income had increased $0.5 billion, or less than 0.1 percent, and personal consumption expenditures had increased $65.6 billion, or 0.5 percent, based on revised estimates.
Wages and salaries increased $17.7 billion in April, compared with an increase of $9.5 billion in March. Private wages and salaries increased $15.7 billion, compared with an increase of $8.4 billion. Government wages and salaries increased $2 billion, compared with an increase of $1 billion.
The Federal Reserve has linked wage and spending growth as key factors in its potential decision to raise interest rates.
Disposable personal income also increased $48.8 billion, or 0.4 percent in April, the report said.
Personal consumption expenditures decreased $2.6 billion, or less than 0.1 percent.
In March, personal income had increased $4 billion, or less than 0.1 percent. Disposable personal income had increased $0.5 billion, or less than 0.1 percent, and personal consumption expenditures had increased $65.6 billion, or 0.5 percent, based on revised estimates.
Wages and salaries increased $17.7 billion in April, compared with an increase of $9.5 billion in March. Private wages and salaries increased $15.7 billion, compared with an increase of $8.4 billion. Government wages and salaries increased $2 billion, compared with an increase of $1 billion.
The Federal Reserve has linked wage and spending growth as key factors in its potential decision to raise interest rates.
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